HR software applications at Oracle
Oracle is referring to its still-to-come Fusion software as a blend of the best features that are currently offered by various HR software applications. Oracle’s chief detractor, SAP, is of the opinion that this vision of Oracle will either not materialize and if it does, it is going to be an expensive one for customers. The first round of Fusion products is not due till 2007.
Oracle’s ambitious project, which intends to integrate the softwares of PeopleSoft, JD Edwards and Oracle, could well determine the future of the HR softwares in the time to follow. According to the research firm IDC, the market for human capital management and payroll processing software is set to increase from $ 5.2 billion this year to $ 6.8 billion in 2009. Oracle stands to gain a lot if it can successfully introduce product lines that offer cheap, function-rich, and easy-to-use HR applications. bpm-today.com says:
According to Chhabra, that product line makes the most use of so-called "open standards," which are slated to be a centerpiece of Fusion. Open standards refers to technologies such as the Java coding language designed to make it simpler for customers to modify their software systems.
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